The documents provided by the Portfolio Loan Provident Fund Management Office must be stamped. To apply for a portfolio loan, you must first pay the housing provident fund continuously for more than one year and meet the provident fund loan standards. This is the most basic requirement. At the same time, the borrower must meet the conditions for applying for a bank commercial loan.

In reality, because some developers usually obtain loans from a certain bank before building a house, and promise that home buyers can only borrow from that bank. Therefore, developers do not agree to apply for combination loans to buy houses. In addition, provident fund loans generally cooperate with a certain commercial bank, so you usually need to apply for a combination loan at the commercial bank that cooperates with provident fund loans.

Things to note when applying for a portfolio loan

1. Pay attention to the loan conditions. Different loan methods have different loan regulations. Applying for a portfolio loan also requires meeting certain conditions, because the portfolio loan is It is a combination of provident fund loans and commercial loans, so applying for a combination loan needs to meet the regulations of the provident fund management center and the requirements of the lending bank.

Most cities require continuous payment of housing provident funds for more than one year in order to meet the provident fund loan standards. As far as banks are concerned, they need to have sufficient repayment ability to successfully apply for a portfolio loan.

2. Pay attention to the repayment method. First of all, the home buyer must use the maximum amount of the provident fund loan, so that it can be more cost-effective. Secondly, the loan method can be selected, and the repayment method can also be selected. Currently, there are two main repayment methods to choose from, one is equal principal repayment, and the other is equal principal and interest repayment recommended by the bank.

These two methods are suitable for different people buying houses. If you have a relatively high income, a stable job, and do not want to repay too much loan interest, you can choose the repayment method of equal principal amounts.

3. You need to be careful with early repayment. Many home buyers will have the idea of ??early repayment after taking out a loan to buy a house. Home buyers who apply for a combination loan to buy a house must pay attention. You can repay in advance, but It is necessary to clearly distinguish between the provident fund loan and the commercial loan part. It is not cost-effective to pay off the provident fund loan in advance. Home buyers can choose to repay the commercial loan part in advance.